GRA does not have capacity to review oil contract costs, gov’t should hold approval for Liza 2 until issues fixed

It has been reported that the Guyana Revenue Authority (GRA) will review contract costs proposed by ExxonMobil for its work as a contractor to the Government in the Stabroek Block. If the Government intends to undertake a rigorous review of the contract costs, this is not the optimal route.  Instead, the Government will be taking…

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All parties and private sector organizations should focus on renegotiation or rescinding of the 2% oil royalty

With both major parties wedded to the belief that they must be good ambassadors for Exxon’s Esso, the race to genuflect lower before Exxon, has already cost Guyana billions of dollars. Exxon’s Esso controls over eleven million acres in and around the prized Stabroek Block, including 6.6 million acres of the Stabroek Block. Guyana’s super…

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